SIT traces Rs 70,000 cr black money: Pasayat

Special Investigation Team (SIT) on black money has been able to trace black money to the tune of around Rs 70,000 crore so far.

“Black money to the tune of around Rs 70,000 crore in total has been traced under different schemes like Income Tax Declaration Scheme, Benami Transactions etc,” informed Vice-Chairman of SIT on black money Justice Arijit Pasayat while talking to reporters after the SIT’s meeting at his residence here.

On SIT on black money’s directions, the Enforcement Directorate (ED) has taken up investigations into the cash holding and properties of different self-proclaimed godmen and mafia dons in Odisha.

“In the three-four big cases that we have taken up in Odisha like the cases against mafia dons or the cases against so-called godmen in Odisha we find that good work has been done if we compare ED’s investigations with that by the police,” Justice Pasayat said.

Sources in the know of things have revealed that the SIT on black money will submit its sixth report by the first week of April.